Monday, October 17, 2011

MIRI: Nagamas International Bhd has been allocated about 2,500ha near Nanning, China, to be developed as a green residential and industrial park.

Energy, Green Technology and Water Minister Datuk Seri Peter Chin said Nagamas would undertake the development of the park on a long-term basis under a RM300bil contract.

Chin said he would be present at the ceremony to sign the contract on Thursday ahead of the Eighth China-Asean Expo (Caexpo) from Oct 21-26. “It will be historic as this will be the biggest ever development project by a Malaysian company in China and will be a breakthrough in the Malaysia-China relationship,” he said.

He said green elements such as sustainability and low-carbon emission would be emphasised in the development of the park.

Chin said this year's Caexpo would be significant as Malaysia had been accorded as the country of honour.

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